DLHC - Earnings call transcript Q3 2022

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Operator

Good day, and welcome to the DLH Holdings Corp. Fiscal 2022 Third Quarter Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Chris Witty, Investor Relations Advisor.

Chris Witty

Thank you, and good morning, everyone.

On the call with me today is Zach Parker, President and Chief Executive Officer; and Kathryn JohnBull, CFO. and Investor are page. release website on earnings the under company’s PowerPoint available presentation our The Slide presentation. I brief which on safe now harbor of would like statement, is to also provide a X the shown company’s This call statements fiscal forward-looking may and outlook to beyond. that XXXX for relate include the uncertainties to forward-looking from differ These and these are actual cause statements. to subject could statements materially results risks various that and events contained other Please XX-K in with the refer factors the Form Exchange our risk report and and annual Securities in filings company’s the on to Commission. update We do duty any not undertake any to forward-looking statements. will On today’s call, and referencing we be financial non-GAAP measures. GAAP both A our of and GAAP earnings our reported release results is in the reconciliation on results in presentation our non-GAAP included investor to website. DLH’s Parker, JohnBull, speak CFO, up will by it open Zach after we’ll questions. followed Kathryn for next; and President which CEO, And over I’d call to to turn Zach with the now that, like Parker.

Zach Parker

to third with quarter, Infectious of provide services. reflecting top-line fiscal demonstrated with a to year-over-year strong high to call. clinical two Trials starting Thank Alaska I emergency DLH’s Welcome Clinical our to first rose preparedness Slide level million, down one national wind pandemic research you, our major with quarter, rapid and overview Revenue and the many pleased the the network and counter-measures ability Both a programs demand surge yet of FEMA, Disease good threats, nearly provide for I’ll and everyone. $XX.X X, global to our of response COVID-XX Chris, these response leveraging our results. capabilities. across quarter X% conference morning, Therapeutics. as we report programs; XXXX the programs another and am NIH particularly solid Beginning

$X.X launching particularly operating We more with XX.X% discuss We be million we income a award and as sales, FY and within a per the the up or the $X.XX year-over-year third quarter approach million company, the debt large moment. of ‘XX. XX% additional posted number recorded during share the in are versus of $X.X we’ll the quarter, and end down fiscal soon per the $XX.X XX% share outlook Earnings of period ended paid of into of XXXX rose with million nearly I’ll ongoing opportunities debt $X to of very $X.X outstanding. million in million we activity and of an a EBITDA pleased recent XXXX.

the Our going backlog QX stage solid performance entering $XXX setting continued was forward. a strong million, for

clients innovation customers. I be that I missions, of to the some to value X. its the missions critical Slide to and DLH of to our want across could show board. making employees are brings the Turning of very not DLH contributions examples how the prouder any

our Logistics and Award IT highlighting Standard Medical foremost, one projects -- was Federal Health winner, First with recently Defense and Innovation Support Support the a of named our work Program. Logical

Also, initial successfully Agency. innovate sales of broke military. program, matter defense-self showing our illustrates threats we Defense needs biosurveillance within identified technologies. supply systems meeting records biological put the force in a contract ability and subject chain all-time and of in the at and our research several production time, management through veterans. impact of readiness Veteran Affairs Monkeypox, cases risk the integrated experts detecting partnership’s medical that daily achievement DoD emerging the advanced that and This nation’s positively experience Here was our the our the ESSENCE of the program to applications our great novel proven the of for health CMOP At recently same Health

work to of of that almost our very a the our team high are continue continues proud X/X be century. veterans to proud We and to very, provide performance very for

treatment value Slide outpatient to funded global illustrates of DLH conduct small is clients. sites disease an tools platform that analytics, for talented as secure a cloud we These growth with anti-coronavirus expansion, experts infectious our and X outside or awarded of clinical at our was which contract network. leveraging United nation. many strategic but the supporting serving to NIAID clinical selected HIV. study work few solution lastly, X the States, current position our addition, immunoglobulin service trials It and puts future in we solid provides and are interest reducing our that military incredible of with the that threats across overview full are In years data just This the action many migration members on-site propositions us continued believe regard performance. and of our the further research and this an the bolsters received monitoring with differentiating that avenues a announced, by And to authorization the future of posed applicable evolving as the a previously the us the government, Infinibyte year. earlier apply the the service -- right Cloud examples FedRAMP for in

IDIQ with new provide that the such the Development growth. $XX billion support for Agency several and of of disease in top-line Defense expertise to Health completion to award contracts of reached areas we’ve infectious mentioned always Medical of at that agencies. the I U.S. in disease the some focus future Research stage, programs priorities Overall, development Federal multiple the ceiling our of some and Defense, unique us announced As threats. the There’s the research, the growth and our to for and acquired R&D health-related that the potential position additional in This our and during COVID-XX time our accelerate Besides as and opportunity a in this and Department much with across contracts years coming capabilities nature near to offer multiple including leverages potential this work including turnkey awards period leverage the DLH re-competes, continue align to spending infectious are top, recent have Government’s other research. simulation research Command. medical experience particular, in support areas health include

support study and We’re multiple also Institute to and IDIQ of that is clinical with as selected business awardees, fight expand contract all of management, Cancer against to in within million objective National to has strategic part award provide for presence with our ceiling ongoing cancer. $XXX for Health. This the support us been course us HHS positioning a the National X help another for of a and Institute the

we’ve these be thrilled of our software on same for part competed is research will At and credentials and toxicology research. the senior Nevertheless, team value the and strong the task we the held based visualization our of potential with Intramural provide DLH be to re-compete presence years to have the Program be Institute felt While critical added Sciences since would come. data of we of XXXX Research. National over maximum pursuit Environmental where awards on the with continue for exacting statistical Health to that work division will want such actual that orders must programming, of build for begun and both substantial, to high to analysis time, impact Toxicology and standard are time. biostatistics be National

epidemiological to this and important of disease and We have our chronic for Kidney been providing as again to once as Diabetes, Institute well work expansion are research. National for chosen again Diseases Digestive the support public pleased health support of very

agency that further for the As of to finalize and the often services government’s bright, also those transfer to reflecting demands fiscal budget And and Subsequent pace year, the that growth. we contracts for remains be at rapid outlook can various procurement adjustments typically generally provide opportunity September are a beyond. fiscal approach growth decided ‘XX positive to more XX, end initiatives. for our with demands

we’ve support the the technology-based applications and past, As research said healthcare our in strong Hill. have bipartisan on innovative

serve way is opportunities that improve out, added market and budget the strategic Kathryn priorities And that balance will At fiscal strong we’re challenges. of for and could a suspect the the as imminent, our continuing remains budget do how we ‘XX analytics-based share, given believe same seems agencies development further say within approach it helping for too optimistic our our diagnostic play delever. to pave current but and offer that a to we growth. the our the our for stature need time, portfolio, to nation’s resolution certainly early sheet ongoing many the solve We pipeline for health position While that we be corporate expansion. possible and reputation pathways the strong new largely M&A have also that will stability and will

Chief long-standing We future have follow formula of think that will charge. platform performance this yet is shareholders DLH, the and I to our strategic to to our services, call that for Officer, returns and continued With which clients of JohnBull. high like lead excited best with excellence growth through reason performance. as as well steady and Kathryn value-added rewarded a solid have Financial believe our that, over in our every to turn we’re come I’d to the the

Kathryn JohnBull

Thank you, and good everyone. Zach, morning,

We’re pleased results. quarter report another of solid to

X. posted prior recent year-over-year XXXX existing our will increase the ended for quarter. our beyond. months that million year’s XXXX fiscal evolving June to awards XX, $XX.X X% for continue X support The capabilities expansion Turning reflects third programs. to the We and and X in of quarter of We $XX.X growth believe across revenue Slide million the in -- our many versus fiscal

third recorded XXXX taxes debt in improved And quarters and a versus fiscal XXXX $X.X fiscal from Income or for in for We $X.X XX.X% the to per share benefit year during mix Income the quarter third prior margin of $X.X or the versus million the and revenue, fiscal a operations improved share reported of outstanding. of million period. X. year. the approximately DLH and million expense a X% effective prior versus million period, operations million as versus company $X.X quarter reflecting quarter percent $X.X $X.XX income third in Slide due an diluted XXXX of in ‘XX. Moving the management reported respectively. was $X.X lower in $X.XX from fringe last program of was operating XXXX of X.X revenue, million higher year cost. net provision million $X.X of Interest fiscal in fiscal to the

As income period. for third prior was quarter the a XXXX for percent the of year revenue, X.X% net fiscal versus X.X% of

XX.X% statement of to operating year benefits end updated improved XX.X% The June revenue of for of ended XXXX our net X XX or income, at higher months debt QX. mix and an gives improvement derived from $X of the earnings of Slide this for versus respectively. management A in same million million is revenue and prior GAAP of program EBITDA our is reconciliation Slide the and the presentation. snapshot at with to effective in provided cost. factors of position the back in period approximately X. course, the $X EBITDA as XX, Turning EBITDA was income

of EBITDA. XX, the facilities As our X% $XX.X outstanding our credit of leverage -- XXXX under fiscal And had remains versus approximately June under debt at fiscal million X.Xx we $XX.X million ratio XXXX. sorry, of at end

During in acquisition was Scientific the months. paid quarter, million debt all the Systems from X the loan year that company & XXXX term $XX acquisition. The Social off from remaining retired XX

my call million of financial questions. We to operator turn financial We flexibility for debt substantial fiscal in delever year. concludes continue would the of balance to our to statements. $XX our us to with under generation a the strong future pay now leaving discussion for I like transactions. and to With debt being that, our of down of by open cash sheet, anticipate position the end use over the plenty This

Operator

[Operator first with Instructions] Gomes comes The Joe question Capital. NOBLE from

Joe Gomes

Zach the quarter. Kathryn, congratulations and on

to we this million of just In quarter, I if results. this you kind a effect can I do FEMA on $X revenue. had walk reconciliation about we’re a the in the make mean, way. the right thinking through presentation, the a with So through, first sure want actually business little that I bit to go FEMA wanted negative have about

items I quarter. it reconciliation like business that which calculation? the or be that am this make on would a did revenue, that year the million here actually is properly -- there thinking accurate an one-time looks Is So XX% that not other ago would roughly some that of over $XX.X ongoing increase

Zach Parker

It is does XX%. adjustment, an arithmetic Kathryn, anything correct. is it your add? out to at And net about but

Kathryn JohnBull

On the sustaining.

Zach Parker

On the sustaining, that’s correct.

Joe Gomes

in did increase So mean, actually the business. just that’s on the quarter sustaining quarter. first fantastic you’re underselling guys I what you actually from the

X% increase, quarter second mean, talking sustaining at growth significant and the we’re XX%. I did about business. showing a on just now XX% You the

Zach Parker

we Well, appreciate it.

and have of our team that it’s come BD our kind a you from have and fruits recovery hands stability, earlier, starting operators benefit lot As our starting also know, COVID-XX able to clients you we’re ability, to with we to see that’s retain being on But customers can well the on some our the a really starting deck folks had are trenches, dealt of to portfolio see and great the as be well. sport the of we’ve We’ve norm. of of that challenges the -- strategic history, And like we’re all budget reflected that in mentioned the a built. I to we side enjoying their together. to that tell all efforts of the and

Kathryn JohnBull

to of services services There increasing as array we However for me as not do business. that know offer. the All gives of markets some traction hand strongly other seasonality you away. degree and come, continue of an absolutely let enjoy our demand benefits is, building one the the the and and -- we supported we case. increasing is And expand takes our to though,

it’s in QX. strong a so case, we And yes, return while very the had

Some And Zach Head of of large the the of wrap-up the therapeutics Start as seasonality, COVID that program. on then function was particularly a that mentioned, program. trial

a So bit think and on But seasonal us of you’re quarter-to-quarter low-XXs. on upward some a depending sustaining right. sustaining bounce going we right, those around in levels little the reaching basis, effects. the a as are And particular new high-XXs, quite to running basis we’re and to on of

Joe Gomes

put a on news. to has always CFO the The good brake

when being potential give Cloud. of you you you color see that So What’s for that FedRAMP the more of for mentioned a start market fruits Zach, detail out product? that think the harvested? the And little do could authorization mean? Infinibyte there to maybe the what or us

Zach Parker

question, Great Joe.

We’re just very data, being FedRAMP-level sensitive risk very, that cyber only secure and healthcare see large the requiring sensitive going forward cyber not managed, where the health from we particularly attention if more that but risks to in that across records it’s contractors starting handling systems from coming lot in to industry. a agencies general arena, the move also the agencies, are you’re federal have serve

a So competition think us it. set certification, having of there get we differentiating those it that not do by capability that FedRAMP need less be where the because will certainly will

to be the invest this a maintain analytics. work if the still they that for capability, in We’re existing a of to want help cost-effective we for taking also look have be able yet a ability businesses can and to platform solution to big work do either position smaller in this the cloud see environment way pursue not some develop or to data

a think cybersecurity those to So certification for we we’re going to systems start the specific evaluate. build these pipeline that treat in a priority they and against way to the of as agencies requirements security FedRAMP kind

Joe Gomes

orders a see for upon or more competing a period coming over then longer the on task any of to it’s that? it And those think dependent type all win in couple time? you when those next the you quarters specific ramp on something of lot Is orders. is I this that know here of the IDIQs, orders and feel Any task or might task out start

Kathryn JohnBull

duration Well, that’s on Omnibus long duration. task a IDIQ, large on quite there’s the certainly a XX-year order

first However, formula the predecessor for transitioning typical IDIQ. the that’s is the new off dispositioning IDIQs work expiring

Omnibus the Omnibus X. IDIQ is Omnibus following So X

in And so existing the are opportunities needs, of those be then but customers in Q course, have first things tend mind. transitioning that the emerging work, natural there and there to are of

through but competitive So market turn what have there, underneath are is of the in of IDIQs. work we midst a immediate don’t expansions the re-compete those that’s we’re exercise the new expect identifying of to existing both opportunities we to them scope work, converting to from doing the and --

have transitioning that the work. will in the work to that a programs competition. expect on that other IDIQ. one that all for closer put about us second of that aggregated off NIH, are we hand, hearing on it of with additional But were the they part within scopes pattern of of expect of follow from already ramp same authorization out work scope the epidemiological the to a The coming customer additional existing But we and

companies. that of is So competitors and X -- of only pool course,

the IDIQ. opportunities from excited So close-in we’re about that quite

Joe Gomes

I just again contracts. the will talk VA about once

the I on Any think they’re update those of year. this through fall contracts?

Zach Parker

before, year’s the that worth we’re set so know the a in goes decision. proposals will been XX-month provided has to looking submitted, But We have we’ll towards to pretty and that as what going how and done easily that, final started at to history VA that They’ve generally place a a get get stated their Joe. some the they on their see it cycle, Historically, acquisition get how out. that’s Yes, have historically, team do set out we extension that procurements. be get future. come move a RFPs seen strategy, optimistic the have indications given the they we of of address to Street, probably in award the valuations can we’ll of

optimistic So fiscal that to something we’ll we’re given a that fall, approach beyond we’re ready pretty getting year. new this see

Joe Gomes

previous business. the they’re would that indication I indication first? And to looking about, veteran-owned whether it again more you award a going of talked to just they business everybody on be open veteran-owned up it any to any one think those, to they a or small think do once or Any

Zach Parker

always small preference businesses. for Well, a there’s

the the standard government conclusion have solicited best high contracts exacting course, thus community. it kind work have done by interest in was of small to critical of that in and mission able be both they Of these far of environment to the reached the business not that this

can acquisition evolve. Now having said that, strategies

to should we’ll an that continue a continuing and to alternative we’re approaches approaches. arena. not ready seen to the be have believe other case, consider well. But at We as provide they’re prime the positioned stand -- to unrestricted at in that it indications look well We that and

be that pretty this game and still can’t in these you as cycles until unfold. we’ll actually optimistic hopefully environment. prime in a tell an unrestricted So we’re But procurement

Joe Gomes

that the you’re that? your done job on on of And record you’ve orders favor levels and this plays handling hopefully, a in great fact in the such past

Zach Parker

lot dynamics lot a go of of there’s ahead. Yes, --

Joe Gomes

I’m sorry. ahead, Go Zach.

Zach Parker

than just invest going of -- approaches to we’ve say, short executing we’ve continued to a decided CMOP was to I of And had there’s continue year, Well, we’ve now lot even less next-generation though bridges these yes, in mission. there. and dynamics the on a

customer the sees think I that.

the seeing our and of continuing and production X as the are one shared one to I commitment Power. of or productivity our tradition performers and think records records indicative performance the quality we that of J.D. obviously being rated are by top

we’re to excited provider invest think So what being the we about we’ll further take our holds veterans. in future continue care of and great the to

Joe Gomes

And me. then one one for last

of On the acquisition that same time when the ball continue would things the debt cover about If expect continued announcement company. next fiscal I paydown, along guys the guys the debt-free year. the be be from see obviously, knock we end to to seems this there. just by path you But off the you just an

how What’s activity? you on the the are come today? given insight there? you’re M&A M&A Are pipeline more or economy? be they’ve some wondering here additional change kind Any comfortable -- just the in there is the more looking might potential of the you multiples us out seeing giving down the So with multiples

Kathryn JohnBull

I was of from certainly that We and calendar investment recovered signaled I first the quarters year question. XXXX. -- of as part all call definitely we everybody in think sort on of a I recovered couple their as quiet it our think -- appreciate breakout ago, banks as the expected we the

volume robust begun are and and But up first a and we of the quarter in pick nice that has is quiet opportunities So pipeline really nicely calendar. to there aggressively the pursuing evaluating. expected, as of very

marketplace get a get our extend -- as company and capabilities see see into up with encouraged wake bad really and technology continue to some us would on to we’ve things I’m to to with that additional things again about. talked So relevant more at an opportunity us in really offerings the build stronger

said, I be not to might we just to from a multiples, economic still up not in easing little we’re and But the think we indicators margins It’s are and like ‘XX get away their So as that we’re I in from going bit in you my the as it’s -- bit ‘XX, dramatically compared slightly ways bargains softening feel that. and But the timeframe. terms to little so overall little highly they pretty got expectations. about a perspective. going a a in as a of that back think people, way multiple on acknowledge the competitive frothy improving market ‘XX, those bit, ‘XX

Operator

with Global Partners. next Instructions] from Brian [Operator question Kinstlinger comes Alliance Our

Brian Kinstlinger

maybe to You a new first meet new you hires a talked then inflationary Can project for to about ago? either And on hire new comment ability this period, in few to or programs. your requirements? compensation year professionals comparable compare

Zach Parker

No, great question.

Human the and As talent. the there. able challenges implemented and me the about seeing some is given we’ve in started in or to and leadership well focused We’ve out more the threat heavily you hired of quarter of the to that newly great I we’re resignation before, the find this Chief over probably ability new one to retain traction. our year to measures, of top the think that relatively have workforce some ability really that put We’ve to Officer, we’re our workforce know some We the X. threats unique Maliek last Resource attract the under heard Ferebee, future over talk good retain measures -- facing last near-term be as the as new and on

pay We’re see of some starting off. to that

of environment the the places. find are newer And into today of be doing looking actually to got work my and in to a most to gig from of rest folks. industry attract GovCon of different a that we’ve ahead. my able It’s bit our resources got talent. a work we’ve top still with But a lot are We because at the to them than of more there’s engagements generations better of environment regard I ways scarcity and retain the think attract lot

across feeling I a to that approaches operating I’m say we’ve leadership think It’s pleased of and we’re one own is it new with our units, and threat. really some storms. holding that those that our our So weathered

of that and facilities work degrees exacerbated was risk COVID-XX, ours of to some where had also particularly have Some programs different come an to of environment have go such our regulatory of of the requirements to number you reflect A than required in kind many national agencies get our certainly that. space. and workforce to our that you had into in demographic. was in to by XXX% and less as We that of vaccinated amenable

to target So say early force front to continue threat. us. It for we’re pleased going I’m apply center on and results for is that positive. this And to are

Brian Kinstlinger

any XX% revenue? ramping organic hiring revenue not the expected? certain I’m follow-up also, growth couldn’t solid. is is positions fill challenges has retaining in as as then you a what certain you in and attrition is And your voluntary curtailed so Meaning, curious, though, way maybe rate?

Zach Parker

COVID XX%. been you’ll console so in the standards half that services, DIA, suffered workforce have I exceeding And double et well some X below can There and the revenue, XX% in high. there been key still professional The kind in tell professionals We’ve the organization. too such human we’re production don’t and professional X very, done a Well, deliver year kind as used our there standards we’re organizations -- beating combination to norms cetera, XX%. workforce And great a industry, of we’re last government but metrics, ability what with In the tell a be we that in attrition, are resignation. in some and contracting. about publish companies you the blows I in high to turnover our too. if different of year management. years. is and you of last work priority or actually capital that I’ve gaps industry we’re having of our can you arena a and to that But our not doing over hybrid rolling the we year the uniquely that environments, and due professional Tier have certainly our industry in find of manufacturing but half and in industry it’s to heard the and voluntary a that very for almost

our sure deliver need the and some managers meeting revenue, as expertise demands one making sessions the of come able media fill meet jumping that applying on novel of we’re as our methods, so of recruiting more really All and that requirements means leveraging, rate that of social have historical that and of have on the our some deliver the demand means customers. to out our meet VA of prescription the just ensure than we the the can exacting clients well available for environment to we’re to the resources that candidates

ability So hope a fill lot your our going to that on will -- revenue these there. to do We that point, positions generate additional as well.

Kathryn JohnBull

professionals. pre-pandemic, and the been to that always navigate you team about public And health I the has research we’ve as if think working professionals, been scientific up talent with disciplines those our then household us, even name that, are think compete these fierce would for And for you about. Brian, add to just from, that comes competition companies to

people in So demand. high now than so ever more are more those --

differentiates that work -- And of on amount at on of into is moving on our efforts. us same really delivered of subcontractors the I we’re what we’re absolutely think so contribution our building needle focused talent, one, is the by team labor fiercely the our time number we’re versus competing direct that the for focused

entrepreneurial people notwithstanding company work and servicing that when that you those for lead competition that build are to against they and good that, making And you committed progress take for So really talent. the metric to capabilities, that’s to an we’re when happens do the want on important clients. really get opportunities

we mean that we’re about on momentum excited attractive off we the and we get people -- some making environment our keeping have the to can that being be competing it. able benefit and employment ball the doesn’t building resources So I eye the move, of It have for. of take that see and think for competitive terms -- the in

Brian Kinstlinger

short least, previous a about, period of budgets what’s compared in that talk continuing resolution? time can by months? to high a trends resolution. had I’m X And curious, before level the months we’ve will But be at coming, bookings the you continuing X place maybe impacted last from a we’ve think you over do had where how the

Zach Parker

some great we to think movement. problem the bit be decade that exacerbates CR the that federal And last in government is are the do default us. for on while space, I No, for starting Hill in us, seems question. some a the there see little particularly to paralysis

bookings I of that than that we’ve things taken probably come. more some development indicated, having can a on that that at As a some activity tell recently. to have for proposal couple least, strategic seen in of we’ve pretty been you now years for identify are, the you while the we’re able us

it’s before. starting across to pretty our programs we’re industry, start that evolution programs on, that the see in areas board with optimistic well recurring some certainly but to So come we’re in areas we’re we’re the that focused new some focused as not the on, in as some

‘XX opportunities ‘XX the are healthy well. -- So pretty be will pretty pipeline those and indicators FY leading the the indication of to impact

Brian Kinstlinger

at out biggest and across your look at is is it of the look sticks Human and the or that you board? as evenly there DoD, between opportunities, the I you your guess where pretty Services pipeline VA, lastly, Health one businesses opportunity I split see of growth as

Zach Parker

That’s question. a great

continue Hall say Kathryn that just VA our strategic either in for for or in growth earlier expanding our us, range built DoD going and to execution with heard And on our a our expansion year can the saying expanding are HHS, within that, the have we’ve aperture is agencies. even Trade probably competencies to as You last we -- strategy. growth the X that we But be importantly, of organically strategy. And acquisitively, and customers. those our focus quarter we to are leverage we and I do believe of coveted the now

to strong be agencies that leverage. are analytics and those robust going we but are focused take invested those things clinical such network, We our Civil of simulation. Certainly, key agencies, to data the those service capability that can at as that we not FedRAMP digital those of not global our the and other can So technology-enabled we on to now internally And heavily within to bolstering a customers. integration we transformation That as have into take that time, continue only of approaches and investments skills. places those a differentiators, will importantly, more DoD can to areas components now modeling taking nature build in intensive but research includes engineering think some that systems we’ve security, that and those cyber, solutions as be pretty health. covers our while platform capabilities, and same

NIH, that suicide believe, abuse as the We growth health So the is one yes, agencies those still will especially a still we TBI and is range be well about HHS depression, a other within within get expand area we’ve And everything of good that win, to very us. behavioral prevention, talked also given the us from out see result us. on symptoms that’s that before a think The behavioral from as domain. there. still is scenarios. for battlefield think the substance few cancer we for and as the happening opportunities we good that health with PTSD of of growth We is one of there for a put COVID-XX, expansion will DCEG been right arena

invest we’re the in Fort CXISR in continue areas as So pieces to IBA that where came the Detrick our workforce well our as capabilities going see to under we of with can acquisition. those take

got excited upon. diversification So build the now a of now we’re we’ve foundation to pretty strong that portfolio about our

depth can breadth add we markets. so and as start And well target as in capabilities our to

Operator

appears queue. time, in callers be to further no there At this

Parker back Mr. it remarks. to turn closing for any I’ll So

Zach Parker

shareholders. you like you much. our annual We thank quarter And Well, out, just I thank continued look DLH in next at X interest your to our results. for chatting report again would our and to quarter very you forward and to the all your fourth subsequently, report and with attention

Have very now. a Bye you for blessed thank day. So much.

Operator

you The presentation. attending conference today’s has now Thank concluded. for

You may now disconnect.

DLH (DLHC) 7 Aug 222022 Q3 Earnings call transcript